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About the Listing 3647 - 35656
White Rock Apartments is a fully renovated 30-unit community in Tacoma, WA, offering modern studio units with high-quality finishes and strong tenant appeal. Renovations completed between 2022 and 2025 include upgraded interiors and exteriors, while community amenities feature laundry facilities, parking, and potential storage income. With an in-place 5.85% cap rate, attractive financing options, and upside through rent adjustments and operational improvements, the property provides investors a rare opportunity to achieve projected stabilized returns of 7.87% in a high-demand, affordable Puget Sound market. Located in Tacoma’s South End, an up-and-coming neighborhood where affordability meets everyday convenience.
Listing Highlights for 5416 S M St
Status
Active
Days on Site
1
Property Type
Multi-Family
MLS ®
2428904
Year Built
1963
Total Square Footage
2,478
Lot/Acreage
0.34
Interior Details
- Bedrooms: 0
- Bathrooms: 6 Full
- Appliances:
- Air Cond:
- Heating:
- Fireplaces: 0
- Floor: Vinyl Plank
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other:
- Water: Public
Exterior Details
- Lot Description: Curbs,Paved,Sidewalk
- Garage Capacity: N/A
- Parking Spaces: 15
- Roof: Flat
- Others: Wood
- Sewer: Sewer Connected
Financial Details
- Tax Amount: $38,845
- Taxes w/Assessments: N/A
- Tax/Property ID: 7785006910
- Tax Year: 2025
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
5416 S M St Tacoma, WA 98408
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